First Half 2015 Results - Banca IFIS

1. 1

2. 2
HIGHLIGHTS
(Million Euro)
Net profit 130,8 (50,1 at 30/06/2014) +161,3%
Equity 524,3 (437,8 at 31/12/2014) +19,7%
Funding 6.494,9 (7.742,4 at 31/12/2014) -16,1%
Loans 3.152,1 (2.814,3 at 31/12/2014) +12%
GROUP KPIs
at 30/06/2015
2015 2014
Credit quality cost trade
receivables
112 b.p. 252 b.p.
Book value/share € 9,88 7,52

3. 3
Trade receivables sector
Clients +7% vs June 2014
Turnover 4,6 bln +22,3%
Trade receivables
KPIs
2015 2014
NBI/ Turnover 1,7% 2,1%
NBI/ Loans 5,9% 7,0%
1H
data
Trade
receiv.
DRL
Tax
receiv.
G&S
2015 77,3 19,5 7,5 160,4
2014 78,6 13,0 4,4 47,0
% Change -1,7% 50,0% 72,3% 241,1%
NET BANKING INCOME (NBI)
(Million Euro)
264,7 (143,0 at 1H 2014)
+85,1% % change 1H 2015/2014
29%
7%
3%61%
Trade receiv.
DRL
Tax receiv.
G&S

4. 4
NET RESULT OF FINANCIAL OPERATIONS
(Million Euro)
247,8 (121,8 at 1 H 2014)
+103,4% % change 1H 2015/2014
1H
data Trade
receiv.
DRL
Tax
receiv.
G&S
2015 63,8 20,2 7,6 156,2
2014 56,2 14,3 4,3 47,0
% Change 13,6% 41,0% 75,6% 232,1%
1H 2015 Net provisions
Equal to 12,7 vs 21,2 mln in first
six months 2014
Group KPI 1H 2015 1H 2014
Cost of
credit
quality
trade
receivables
112 bp 252 bp
Total Provisions 1H 2015
16,9 vs 21,2 in 1H mesi 2014

5. 5
NET PROFIT
(Million Euro)
130,8 (50,1 at 1st sem. 2014)
+161,3% % change 2015/2014
NBI Provisions Operating costs Taxes Net profit
264,7
16,9
51,8
65,2
130,8
Group KPIs
1H data
2015 2014
Normalized Cost
income ratio
36,8% 32,6%
Cost Income 19,6% 32,6%
Tax rate 33,3% 33,4%

6. 6
BALANCE SHEET – ASSET STRUCTURE
(Million Euro) % change 30/06/2015 vs 31/12/2014
Total
assets
7.221,4
Due from banks
114,8 -58,2%
Other Financial Assets (AFS+HTM)
3.803,2-25,0%
Loans to customers
3.152,1 +12%
of which:
2.617,1 trade receiv.
220,4 DRL
114,3 tax receiv.
200,3 g&s
Portfolio of Italian bonds
3,8 bn
53%
44%
2% 1%
Financial assets
Due from clients
Due from banks
Other assets

7. 7
CREDIT QUALITY
Loans to customers: 2.617,2 +6,6%
(Million Euro) % change 30/06/2015 vs 31/12/2014
% NPLs/Trade receivables
1,2% (30/06/2015) vs 1,3% (31/12/2014)
% NPLs/Equity
22,9% (30/06/2015) vs 25,7% (31/12/2014)
% Impaired assets/ Trade receivables
4,6% (30/06/2015) vs 4,6% (31/12/2014)
NPL Coverage ratio
87,2% June 2015
vs
86,4% December 2014
0
10
20
30
40
50
NPL Unlikely to pay Past-due exposures
2015
2014
2015
2015
2015
32,4 33,1
45,5
35,8
2014
2014
Net figures
2014
42,0
43,8

8. 8
rendimax and contomax
2.930,6 -11,6%
Total funds
and
deposits
6.494,9 -16,1%
Wholesale funding
3.010,5 PCT +44,5%
Wholesale funding
457,4 due from banks -79,8%
BALANCE SHEET – ASSET STRUCTURE
(Million Euro) % change 30/06/2015 vs 31/12/2014

9. 9
DEBT SECURITIES PORTFOLIO as of June 30th
(Million Euro) Nominal Value
By
December
2015
from
January
to
December
2016
from
January
To
December
2017
from
January
to
December
2018
from
January
to
December
2019
from
January
to
December
2020
Total
Totale 873,7 756,1 0 1.312,7 664,0 192,3 3.798,8
% sul totale 23% 20% 0% 35% 17% 5% 100%

10. 10
BANCA IFIS GROUP: EQUITY BREAKDOWN
(Million Euro)
Group KPIs 2015 2014
30/06/15 31/12/14
Common Equity Tier 1 Ratio
(CET1)
15,43% 13,89%
Tier 1 Capital Ratio 15,72% 13,98%
Total Own Fund Capital Ratio 16,11% 14,21%
Equity Changes
Equity 31/12/2014 437,8
Incease: 134,2
Profit of the period 130,8
Sell of treasury shares 2,6
Valuation reserve 0,8
Decrease: 47,7
Dividend distributed 35,0
Valuation reserve 12,6
of wich AFS 12,6
Equity 30/06/2015 524,3